All China new home prices +0.2% m/m (prior +0.3%)
And +4.2% y/y (prior +4.6%)
Rising home prices keeps the economic stimulus from the property market chugging along. A bit slower though, the rise reported today is the slowest in 8 months.
Home prices up in the major cities:
- Beijing, Shanghai, Shenzen, Guangzhou
The 'all China' figure in the headline is via a Reuters calculation